Bridgeway Capital Management LLC Sells 8,380 Shares of Oppenheimer Holdings Inc. (NYSE:OPY)

Bridgeway Capital Management LLC reduced its holdings in shares of Oppenheimer Holdings Inc. (NYSE:OPY) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,004 shares of the financial services provider’s stock after selling 8,380 shares during the quarter. Bridgeway Capital Management LLC owned 0.72% of Oppenheimer worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC boosted its holdings in shares of Oppenheimer by 10.7% during the 4th quarter. Jane Street Group LLC now owns 6,900 shares of the financial services provider’s stock valued at $442,000 after acquiring an additional 666 shares during the last quarter. Tudor Investment Corp ET AL lifted its position in Oppenheimer by 3.7% during the fourth quarter. Tudor Investment Corp ET AL now owns 22,825 shares of the financial services provider’s stock valued at $1,463,000 after purchasing an additional 822 shares during the period. Beverly Hills Private Wealth LLC boosted its holdings in Oppenheimer by 3.3% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 27,271 shares of the financial services provider’s stock worth $1,748,000 after purchasing an additional 866 shares during the last quarter. Tower Research Capital LLC TRC bought a new stake in Oppenheimer in the 4th quarter worth approximately $87,000. Finally, Northern Trust Corp raised its stake in Oppenheimer by 9.4% during the 4th quarter. Northern Trust Corp now owns 17,072 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 1,466 shares during the last quarter. 32.26% of the stock is currently owned by institutional investors.

Oppenheimer Stock Performance

OPY opened at $59.92 on Thursday. The firm has a market cap of $630.66 million, a P/E ratio of 9.41 and a beta of 1.20. Oppenheimer Holdings Inc. has a 1-year low of $41.24 and a 1-year high of $73.12. The company has a 50 day simple moving average of $58.54 and a two-hundred day simple moving average of $61.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.29 and a quick ratio of 0.80.

Oppenheimer (NYSE:OPY) last released its earnings results on Friday, April 25th. The financial services provider reported $2.72 earnings per share (EPS) for the quarter. The firm had revenue of $367.83 million during the quarter. Oppenheimer had a return on equity of 8.76% and a net margin of 5.00%.

Oppenheimer Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 9th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 9th. This represents a $0.72 annualized dividend and a yield of 1.20%. Oppenheimer’s dividend payout ratio is currently 10.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Oppenheimer from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd.

Oppenheimer Company Profile

Oppenheimer Holdings Inc operates as a middle-market investment bank and full-service broker-dealer in the Americas, Europe, the Middle East, and Asia. The company provides brokerage services covering corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, municipal bonds, mutual funds, exchange-traded funds, and unit investment trusts; financial and wealth planning services; and margin lending services.